Corporate Social Responsibility
Corporate Social Responsibility may be a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders. CSR is usually understood as being the way through which a corporation achieves a balance of economic, environmental, and social imperatives (“Triple-Bottom-Line- Approach”).
Activities permitted under Corporate Social Responsibility (CSR)
The following activities are often performed by a corporation to accomplish its CSR obligations:
1. Eradicating extreme hunger and poverty
2. Promotion of education
3. Promoting gender equality and empowering women
4. Reducing child mortality
5. Improving maternal health
6. Combating human immunodeficiency virus, acquired, immune deficiency
7. syndrome, malaria, and other diseases
8. Ensuring environmental sustainability,
9. Employment enhancing vocational skills, social business projects
10. Contribution to the Prime Minister’s National Relief Fund or the other fund found out by the Central Government or the State Governments for socio-economic development
11. Relief and funds for the welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities and ladies, and such other matters as could also be prescribed.